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Financial Advisors in the UK
IFA Manchester
Manchester, Greater Manchester, North West England, M20 2DX
Mutual Financial Management LLP is a 3 partner firm based in Didsbury, South Manchester, situated in the leafy, historical 'Towers'. We pride ourselves on providing choice, value for money and the
G & B Associates
Sutton Coldfield, West Midlands, West Midlands, B73 5TR
As we are qualified and experienced financial advisers, we are able to offer you the best options for you for a range of services, including life and business protection, equity release and investment
Norringtons
Ipswich, Suffolk, East England, IP1 3QJ
A website can only make you aware of a few financial matters at a time and then only very generally. You need a full financial review to assess your individual requirements and to help keep your plans
Elan
London Bridge, South East London, London, SE1 3GA
Elan & Co, established in 1997, is a professional services firm of Chartered Certified Accountants, Tax Advisors and Business Consultants. We are located in Strand at Somerset House & London Bridge,
Financial Planning Objectives
Greenock, Inverclyde, Scotland, PA16 7RE
We also provide a separate option from a selection of reputable providers, who offer special terms on some products via Financial Planning Objectives Limited's Bankhall Zenith Proposition. For an
Blueprint South West
Swindon, Wiltshire, South West England, SN25 1UW
We pride ourselves on our extremely high quality of service, and our business has grown by referral, proving to us that our clients appreciate the level of attention we are able to offer. We work with
Law Financial Planning
Norwich, Norfolk, East England, NR5 8BF
We offer a full service of independent and unbiased financial advice to Private Clients and Small Businesses. Based in Norwich, Norfolk. Originally part of a firm of Lawyers, we work closely with
Greenfields Financial Management
Poole, Dorset, South West England, BH16 6BU
First established in 1987, Greenfields became a Company in 2001 and is comprised of a small team of highly experienced financial management professionals. Each member of the team adds to the strength
Aberdeen Wealth Management
In this month's Wealth Knowledge newsletter. The tradition of providing inheritance is evolving as more retirees choose to give a 'living inheritance' instead of passing on wealth after death. A
Elite Financial Accounting
Bristol, South West England, South West England, BS16 3AA
Welcome to Elite Financial Accounting, accountants and tax advisers in Bristol and Cheltenham, providing a personalised service to business owners and individuals. For help with any of your
Haydock Asset Finance
Blackburn, Lancashire, North West England, BB1 5QB
Financing your next commercial vehicle or industry related product is made so much easier when you can speak to a team who knows your business and understands the importance of getting the right
Arthur Dodds
Lisburn, County Antrim, Northern Ireland, BT27 4AE
We hope you find the site both useful and informative. The General Insurance Services and made available to you through our website are introduced by ourselves to a third party, however you can be
Taylor Patterson Group
Preston, Lancashire, North West England, PR1 8RY
We are a leading Lancashire based financial advisory firm providing wealth management, strategic financial planning, employee benefits and pensions services to businesses and individuals. Our service
A&J Financial Enterprises
Neath, Neath Port Talbot, Wales, SA10 6HD
We start by arranging an informal meeting to discuss your general requirements and concerns. This allows us to gain a better understanding of your situation and to assess the areas in which we can be
Trafford & Houghton Financial Planning
Preston, Lancashire, North West England, PR1 3NA
Trafford & Houghton are a team of Independent Financial Advisers. Not all financial advisers are independent, some are tied to an individual company and some are tied to a small number of companies,
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Do you wonder what a financial advisor does for a living? Maybe you need the professional assistance and help of a financial advisor? We can help you choose the right financial advisor and specialist in that field by sharing more about what a financial advisor does and how they can help you. Stay tuned to learn more.
Why Choose a Financial Advisor?
In a nutshell, a financial advisor is this type of specialist who will advise you on your financial endeavours and affairs, the investments you want to make, some good financial opportunities for you, the course of action you may take for your best. Naturally, people are not used to sharing a lot about our current financial situation and our plans. However, It is literary the job of the financial advisor to know about your plans, aspirations, financial past and help you explore a window of good opportunities. This article will provide you with an overview of what a financial advisor actually does and how the right financial advisor will help you choose the appropriate investments for you. With the help of such information, you will be able to choose the right financial advisor for you. At the end of the day, a financial advisor is someone you have to fully trust and rely on. Therefore, make sure to follow our tips and recommendations and also go with your guts, when choosing a financial advisor.
What does a financial advisor do?
Think of your financial advisor as a planning partner. In order to accomplish your financial goals, you can benefit a lot from the professional help of a financial advisor. A skilled professional with the right licenses and qualification if someone who will help you make all good plans become a reality.
A financial advisor can be competent and help you in different aspects, including the amount of money you should save in order to finance your plans and goals, the types of accounts that are best for you, the kinds of insurance that is best for you, estate and tax planning, etc. Part of the job of a financial advisor is also to help you understand how you can achieve your future financial goals. A financial advisor will have enough understanding, knowledge, and expertise in financial topics and be able to help you understand them too. Such financial topics a financial advisor will most likely discuss with you include budgeting, saving, complex investment, insurance, tax matters, etc.
However, the first thing a financial advisor will do for you when you start working together is they learning more about your financial health and current financial situation. It is impossible to make a solid plan for a financial future if you don’t know where you stand at the moment. Therefore, a financial advisor will start with this aspect, typically learning more about your financial health through a detailed questionnaire they will give you to fill in. Make sure to provide honest and detailed answers, as this will help the financial advisor understand all important information about you and your financial health.
Financial Advisor and the Financial Questionnaire
The way you will fill in the questionnaire you are given by the financial advisor will determine how well and detailed they will be informed of your assets, liabilities, income, expenses. This questionnaire will typically also cover topics such as future pensions, income sources, project retirement needs, long-term financial obligations if any. You should also let the financial advisor know more about your investment preferences. This initial stage of assessment of your financial plans and current situation also includes other aspects including insurance issues, your tax situation, your current estate plan, other possible professionals you are involved with on your planning team, including lawyers, solicitors, accountants, etc.
Financial Advisor and a Financial Plan
Once the financial advisor collects, assesses, and reviews all the details and information you provide them with, they will be ready to create a comprehensive financial plan for you that will pretty much turn into the roadmap of your financial future and provide you with guidelines. Such a financial plan will summarize your current financial situation and all key details you have provided and will also include all the financial goals you and your financial advisor have already discussed and planned. Such a document will cover a few important topics, including your risk tolerance, estate-planning details, family situation, long-term care risk, other possible present and future financial issues. Next, the financial advisor will continue the financial plan by mentioning all potential best- and worst-case retirement scenarios and the needed steps that have to be taken for preventing the worst-case scenarios.
Financial Advisor Plans Action Steps
A financial advisor is a professional, who is involved in not only helping you with investments but also dissecting and improving every aspect of your financial life and situation. In fact, it is not even necessary to hire a financial advisor in order to get professional advice on investments. However, most people will opt for the help of a financial advisor mainly because of investments. In this case, the job of the financial advisor is to set an asset allocation, keeping in mind your risk tolerance and risk capacity. What an asset allocation determines is how percentages of your total financial portfolio will be allocated towards different asset classes. Additionally, the financial advisor will adjust your asset allocation based on your current age and how long you have before retirement. The financial advisor will work in accordance with the law and regulations in the field and also with their own or their company’s investment policy when they buy and sell financial assets.
Financial Advisor and Investments
It is important for you to understand what and why your financial advisor is recommending. Don’t follow their recommendations blindly, always make sure to ask questions, if you are concerned or not sure you understand something. Also, keep a close eye on the fees you are paying to your financial advisor. Ask your financial advisor why they recommend an investment, also if they will get a commission by selling you this investment. Pay attention to the investment philosophy of the financial advisor’s firm too.
Why choose a financial advisor?What does a financial advisor do?
Financial advisor and the financial questionnaire
Financial advisor and a financial plan
Financial advisor plans action steps
Financial advisor and investments